Unless you have elected corporation tax treatment for your LLC, the LLC is a pass-through entity.  

To answer your question though, wholesaling is getting a property under contract (your offer on a property is accepted) for under market value and passing the great deal to someone else for more money. 

Generally,  a true wholesaler - meaning you're going to want to pass the property off to another buyer - is going to want to arrange things  so that she can work with financed buyers as well.

The owners are my parents which is why they would even entertain a silly idea like this.)My question is:  What are the steps my company would need to take to gain access to this HELOC?

But when it comes to money deals need to treat everyone the same BP does not give you a pass or move you up the ladder as stated.

I will pass this one...I am not sure I will want to spend too much time on this.....

I passed it to my brother.  

The cost gets passed along to the clients.

If the seller knows your credit qualifications have passed through underwriting and all you have to deal with is underwriting the property you'll stand a better chance of getting the seller to accept your offer. 

Situation: Mother passed in '07 and no one knows who is on title and who has rights to her property.